Panasonic announces pricing, availability for Lumix GH1

In a press release this morning, Panasonic has spelled out purchasing details for its long-awaited addition to its Micro Four Thirds line.

Announced at PMA 2009, the Panasonic Lumix DMC-GH1 will be rolling out to retailers in early June. As expected based on previously announced European pricing, the new HD-capable model will command a hefty $1499.95 kit price when it hits stores next month.

The GH1: A refresher courseBased on Panasonic’s original Micro Four Thirds concept, the Lumix DMC-G1, the GH1 adds the ability to capture 24 fps full HD (1920×1080) video, or 60 fps 720p (1280×720) movies as part of the camera’s live view functionality. Built around the same full-time live view platform that powered the G1, the GH1 uses DSLR-style interchangeable lenses, but eliminates the traditional DSLR’s mirror and optical viewfinder – reducing the camera’s size and optimizing it for full-time live view.

A 12.1 megapixel sensor provides capture for both stills and video, and like the original G1, the GH1 features an articulating 3.0 inch LCD with a very fast 60 fps refresh rate.

To support the needs of video (i.e. near-silent focusing, quick AF response), Panasonic also announced a video-specific 14-140mm f/4.0-5.8 Lumix lens with the GH1. Providing coverage equivalent to 28-280mm in 35mm terms, the new Lumix G Vario HD lens will be available in June as well as part of the GH1 retail launch.

Retail detailsThe GH1, packaged in kit form with the new 14-140mm video-ready lens, will be up for pre-order before the official retail launch on Panasonic’s website. Per Panasonic, the new camera will only be available in black.